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Private Land and Property Fund (NZX: PLP) Distribution Notice

Tuesday 12th January 2021

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Booster Investment Management Limited, in its capacity as manager of the Private Land and Property Fund, is pleased to announce a distribution for the quarter ended 31 December 2020.

You must be a registered security holder of the Fund on the Record Date of 19 January 2021 to be eligible for this distribution.

The distribution of 0.53 cents per unit is fully imputed, which is equivalent to a pre-tax payment of 0.69%. The distribution is based on the cash earnings of the Fund over the period 1 October 2020 to 31 December 2020.

The Fund is currently generating annual cash based pre-tax earnings of 4.5% from its lease income and grape supply contracts, plus also continues to benefit from valuation gains on its land under development, which is reflected in the net asset value of the units.

The Distribution Reinvestment Plan is available for this distribution. All elections to participate must be received by 5:00pm on the Record Date.

See the link below for more details:

PLP Distribution Notice

Source: Private Land and Property Fund



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